Examining the Effect of Forensic Accounting on Nigerian Bank Market Performance
Year: 2024
Type: article
Abstract: Market value serves as a key indicator of investor confidence, reflecting both financial performance and broader market sentiment. This study investigates the impact of forensic accounting techniques on the market value of deposit money banks listed on the Nigerian Exchange Group (NGX). Using a census approach, data were collected from ten selected banks based on data availability and analyzed with descriptive and inferential statistical methods. Findings reveal that forensic accounting techniques have a positive and significant effect on market value, indicating that the application of such methods enhances investor confidence and overall market perception. The study highlights the importance of forensic accounting in promoting transparency, mitigating fraud risks, and strengthening corporate governance in the banking sector. It is recommended that banks invest in forensic accounting practices, including fraud case disclosure, compliance with anti-fraud agency regulations, whistleblowing mechanisms, and training programs, to further enhance financial integrity and market value.
Author: Ionescu, Elena Gabriela
Institution: Federal University of Technology
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W7093300468
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